Member Info for _Landlord

Positive update for holders in my view. Jameson remains funded and on track for H2 2026 subject to approvals, Disko is now at the point of mobilised rigs and expected July drilling, and the Greenland regulator clarification strengthens 80 Mile’s position over the Jameson licence area. The biggest near-term watch item is now Disko drill commencement and then Jameson final approvals. I have no issues with my holdings and plan to hold long term.

I constantly add to my holdings and yet the last 3 trades I have made are shown as a sell on LSE

Buy 80 MILE PLC, ORD GBP0.0001 (80M)

Investment ISA £2,323.74 252,314.00

The market has clearly marked GLND down because the proposed public offering is dilutive, and that has created pressure on sentiment. However, if the raise is completed and the company can then move through approvals and into funded drilling, that should in my view be supportive of 80 Mile’s retained 30% interest in Jameson.

If the offering does not complete on the current terms, there may still be other funding avenues available, whether through a revised raise, private placement, strategic partner funding or another structure, but clearly the market now wants certainty on funding and execution.

I say that as someone who holds a considerable number of shares and genuinely believes in the opportunity here, not just at Jameson but across the wider 80 Mile portfolio. I have no concerns here, I have seen similar volatility over the years on many AIM shares.

Very useful, thank you. The presentation reads much better than I expected. The refinancing has clearly bought Tullow time - but the key point is that 2026 performance is already ahead of expectations. Q1 production is above the top end of guidance, Jubilee/TEN availability is near 100%, there is no Jubilee shutdown planned this year or next, and free cash flow guidance of $70m–$175m is after leases and should reduce net debt. With oil above $100, management openly said every day at these prices reduces the amount they need to refinance. Debt is still high, but this now looks like a proper cash generation/deleveraging recovery story rather than just a survival trade.

https://www.investing.com/news/transcripts/earnings-call-transcript-tullow-oils-h2-2025-results-highlight-strong-production-93CH-4640495

Xxnjr - agreed. The key point for me is that the 2026 outlook now looks materially stronger than the market was previously pricing in. Free cash flow guidance of $70m–$175m at $70–$100/bbl suggests Tullow can be around or above $100m FCF if oil averages roughly $80/bbl or better. Add in year-to-date production being above expectations, higher realised oil prices and the refinancing now completed, and the story shifts from survival /refinancing risk to cash generation and deleveraging. Debt is still high, but the direction of travel looks much better.

Looks positive overall, but I’d still like to see what realised oil prices they were actually getting over the last 2 months before calling it all good.

Https://ir.design-portfolio.co.uk/viewer/96/89120

Looking at the S-1 form and raising capital, we now as 80 Mile shareholders are looking for the following:

1.Formal completion of the GLND raise

2.Clear confirmation that the raise is sufficient to fund the first two Jameson wells

3.Drilling mobilisation / operational start confirmation

3.Actual spud of the first well...and the well results.

That may well be the case but no company has ever drilled the Jameson Land Basin, which is key here.

Absolutely. This looks like normal volatility to me. We’ve seen it many times before, and patience is key.

Did someone just ask what has GLND got to do with this share? Have they even done any research?

Thanks for the update on Greenland Exploration. I’ve been in 80 Mile for a fair while now and have continued building my position, with just over 4.5 million shares held. I see plenty of positives here, both in terms of the assets and the work that has gone into advancing the story. Wishing everyone the best of luck — tomorrow should be very interesting, and the next phase could be an exciting one to watch.

I am extremely angry with Hargreaves Lansdown. I have not been able to log in to my account at all this morning due to apparent problems with their website and online systems. Clients have effectively been unable to trade, and to make matters worse, it has not even been possible to get through to brokers by phone to place trades. Something has clearly gone seriously wrong. I have therefore spent the morning transferring my accounts to competitors. The only real way to punish an organisation when it fails its customers like this is to vote with your feet.

Https://hormuzstraitmonitor.com

That trade and also looking at a variety of issues overnight convinced me of a buy trade on open this morning.

Yes I agree, this is far from over. Anyone know why https://hormuzstraitmonitor.com is offline this morning?

Right now, it’s just bouncing between the floor and the ceiling. 320 is an important level looking at the charts. Classic range behaviour. Have a nice weekend everyone.

Bought back in at under 300p - well worth an entry before market close.

Just sold 5036 shares no issues. Waiting for further upside through 320.

Yes — it means JPMorgan has lent out shares again (or rolled existing loans), reflecting ongoing borrower demand, rather than selling due to a negative view on Ceres.